The FBM KLCI formed a gapped up formation to re-test the EMA20 level as the key index closed higher to around the 1,571.16 level on last Friday. The MACD Histogram has extended another green bar, but the RSI remains below 50. Resistance will be pegged around the 1,580-1,590 levels. Support will be set around the 1,560 level.

ANNJOO has experienced a flag-formation breakout above the RM1.12 level with high volumes. The MACD Histogram has extended another green bar, while the RSI remains above 50. Price may advance, targeting the RM1.23 and RM1.28 levels. Support will be set around the RM1.06 level.

CIMB has experienced a short-term consolidation breakout above the RM5.21 level. The MACD Histogram has extended another green bar, while the RSI has recovered from oversold. Price may trend higher, targeting the RM5.40-RM5.52 levels. Support will be anchored around the RM5.07 level.

PADINI has formed a bullish harami candle on high volumes. The MACD Histogram has turned green, but the RSI remains below 50. Monitor for follow-through buying interest above the RM3.26 level, targeting the RM3.62-RM3.83 levels. Support will be located around the RM3.00 level.

Source: Mplus Research - 16 Dec 2019